ASRS Contribution Rate Change

The Arizona State Retirement System (ASRS) total
contribution rate for employees and employers will increase to 11.80% from the
current rate of 11.64% for fiscal year 2018-2019, which runs from July 1, 2018
through June 30, 2019. Contribution rates are actuarially determined and
approved by the ASRS Board of Trustees. More information is available on the ASRS website.

The Alternate Contribution Rate (ACR), for employers who
hire ASRS retirees who return to work, will increase to 10.53% from the current
rate of 10.47% for fiscal year 2018-2019. More information regarding ACR is
available on the ASRS website.

The new contributions rates
are effective July 1, 2018 and will be reflected on the paycheck of July 6,
2018.